The microstructure approach to exchange rates
"Historically, the fields of exchange-rate economics and microstructure finance have progressed independently of each other. Recent interaction, however, has given rise to a microstructure approach to exchange rates. This book focuses on the economics of financial information and on how microst...
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| Format: | eBook |
| Language: | English |
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Cambridge, Mass.
MIT Press
2001
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| Collection: | MIT Press eBook Archive - Collection details see MPG.ReNa |
| Summary: | "Historically, the fields of exchange-rate economics and microstructure finance have progressed independently of each other. Recent interaction, however, has given rise to a microstructure approach to exchange rates. This book focuses on the economics of financial information and on how microstructure tools help to clarify the types of information most relevant to exchange rates." "The book shows how exchange-rate behavior previously thought to be particularly puzzling can be explained using the microstructure approach. It contains a combination of theoretical and empirical work."--Jacket |
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| Physical Description: | xii, 333 pages illustrations |
| ISBN: | 9780585445533 0585445532 026227874X 9780262278744 |